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Compare Sevier, TN mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Sevier.
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Loan terms assume conforming mortgage amount on single family residence, 80% LTV ratio and minimum borrower credit score of 740. $150,000 minimum mortgage amount. Borrower is responsible for $1,055 lender fee. Loan terms are subject to change without notice.
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Compare Today's Sevier, TN Mortgage Rates
April 20, 2024
Current mortgage rates in Sevier, TN are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)
Mortgage Program
Today's Sevier, TN Rates
National Average
Comparison
30 Year Fixed Rate
%
6.669%
15 Year Fixed Rate
%
5.960%
5/1 Adjustable Rate Mortgage
%
6.250%
How Affordable is Housing in Sevier, Tennessee?
Below we provide helpful information on the real estate market, home prices and housing affordability in Sevier. Understand how much you need to earn to afford a home in Sevier, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Sevier fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Sevier is right for you.
The median home value for Sevier, TN is $274,717
Based on current mortgage rates and a 10% down payment, you need to make $57,310 per year to buy the median priced home in Sevier
With this income, you could qualify for a $247,245 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Sevier is $1,327
The median household income for Sevier, TN is $50,972
Based on this income, you can afford a home valued at approximately $244,336
The home price you can afford to buy based on household income in Sevier is 89% of the median home value which means housing prices are expensive.
Sevier ranks 92 out of 95 counties in Tennessee and 2,924 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Sevier, TN is expensive
Loan Limits for Sevier, Tennessee
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Sevier below.
Conforming loan limits for Sevier, TN
1 unit:$726,200
2 units:$929,850
3 units:$1,123,900
4 units:$1,396,800
FHA loan limits for Sevier, TN
1 unit:$472,030
2 units:$604,400
3 units:$730,525
4 units:$907,900
VA loan limits for Sevier, TN
1 unit:$726,200
Additional Mortgage Resources for Sevier, TN Residents